Roads & Highways company Ashoka Buildcon announced Q2FY24 & H1FY24 results:
- Standalone Q2FY24:
- Total Income: Rs 1,589.7 crore, a strong 21% YoY growth.
- EBITDA: Rs 172.3 crore, up 22% YoY.
- EBITDA Margin: 10.8%.
- Profit Before Tax: Rs 94.9 crore, a 9% YoY increase.
- Profit After Tax: Rs 71.2 crore, with a 9% YoY growth.
- Standalone H1FY24:
- Total Income: Rs 3,147.0 crore, a solid 12% YoY growth.
- EBITDA: Rs 267.8 crore, down by 16% YoY.
- EBITDA Margin: 8.5%.
- Profit Before Tax: Rs 116.9 crore, a significant 48% YoY decrease.
- Profit After Tax: Rs 87.6 crore, with a notable 48% YoY decrease.
- Consolidated Debt is Rs 7,200 crore. The Debt on a Standalone basis is Rs 1,118 crore; which comprises of Rs 220 crore of Equipment Loans & Rs 898 crore of Working Capital loans.
- BOT Division recorded a Toll Collection of Rs 307 crore in Q2FY24 which grew by 12% YoY